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Business Buyer Diaries: the Reality Before, During, and After
<p>Welcome to the Business Buyer Diaries. My name is Nathan Platter, I’m a full-time employee, and I bought a business! I did everything right from finding the deal, handling due diligence on 63 different opportunities, and ultimately buying a profitable gym, and boy was I in for a surprise as a new owner! I chronicle everything in real time, including the biggest wins to the stressful nights at 2am. I’m sharing my journey without sugarcoating anything, so you don’t repeat the same mistakes I do.</p>
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<p>SanterMedia, my goto Gym Marketing Agency <br>
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Business Buyer Diaries: the Reality Before, During, and After
358. If there’s nothing more I can do then I’ve done it all, choosing to live today worth repeating
Listen in as I reflect on the rollercoaster journey of owning a gym, offering a peek into the world of fellow franchisees grappling with tough decisions. Curious about gym ownership? I unravel the joys and challenges, providing advice to aspiring owners without overshadowing their dreams with my experiences. This episode promises a heartfelt exploration of problem-solving, decision-making, and the delicate balance of sharing expertise without imposing a narrative. Whether you're an entrepreneur or a multitasker in today’s fast-paced world, gain inspiration and practical tips from someone who's been there and done that.
Good morning, good morning, happy Friday. So went to my normal morning guys group and then after that went to the studio. My interim GM is out of town so I'm covering some of the shifts that he normally covers but is just not able to do so. Did that for a few hours, was able to do some prep and admin type work for the studio. We start our challenge tomorrow. It's a combination for current, existing members, brand new members and everyone in between, and so just a little bit of prep work for that.
Speaker 1:Something for the day job popped up last night and so just trying to get a quick solution turned and published so that I can gain traction there For what it's worth. In my day job I've noticed there's some stuff that takes a long time and there's some stuff that you can do a quick turnaround, and so as long as you're able to identify if this is a quick pat, a quick solution, quick patch, quick solution, or if it's going to take like a handful of days or even weeks and then gauge that out, but if you see something that comes onto your plate like, oh, I can get this done in a day or two days, I can turn it on quickly and then putting all of your time and energy into that, your, your bosses, will realize, okay, like this guy can get stuff done, he can do it quickly, he knows how to get stuff done when he can. And if there's some stuff that just takes longer, then you document the journey a lot better so that people can see like, okay, they're making progress, they're doing the work, it's just not done fast enough. And for things that are quick turnaround, you just do a quick solution and you don't document as much until you get to the finish line. So that's something that I'm trying to get better at, trying to improve on. So we're good there. Um, tomorrow's the test him first time without the normal gm. So we're kind of working with the new person crew. But we'll have someone there who's done a handful of test-ins before and we're currently at like 23 25. But people still buy after the challenge starts. So we'll work with that. Hopefully you can tell I'm stress-free, I'm not weighed down by where we're at or where we're going, because we're gonna get, we're gonna go there, whether I like it or not. Now I texted the fellow franchisee ask if they're hanging in, because they're going through a lot of struggle now and I think they're coming to grips with what some options are. Um, they don't want to close the doors yet, but they realize like there's not a whole lot of options, so they're they're gonna try to keep the doors open. So hats off to them. Hope they can do that.
Speaker 1:And then someone it's kind of funny A few folks I'm going to say a few, like three. Two people have messaged me in the past like hey, nathan, heard you own a gym. I would love to own a gym one day too. What's it like owning a gym? Can we talk? And I'll text them back like, yeah, absolutely, let's do it. How about this day and time? And then I'll never hear from them again. And then one person will respond back and be like oh yeah, cool, let's do this date and time. I say awesome, let's go, let's do it.
Speaker 1:So do one of those today and do my best to not bring my own baggage and my own background into it. I want to give them my story without telling them what to do, and that's hard to pull off, because I have baggage, I have burns, I have scars from what this has all been like, and so figuring out how to do that while still working the day job and plugging away on things. My purpose for work is to be a fixer, a problem solutioner, to weigh out the pros and cons on what decisions we make, give my recommendation and then we proceed from there. Whenever I've talked to a doctor, or whenever we bought a home and had a home inspection, or taking a car to a mechanic, I always want to hear like, all right, what are the possible things we can do? And to hear, okay, here's the pros, the cons, what does the expert think? And then they can cast their vote on what they think makes sense. Ultimately, it's the decision maker, the buyer, the stakeholder that gets to decide, because they know what their needs are best. As long as you can tell them what the options are, then they can make a good decision and then include them in the process. And so, yeah, that's where we're at right now.
Speaker 1:Heading home. Tonight is family movie night. We're going to have a great time with the fam. We're going to enjoy life. It's sunny, it's 50 degrees outside, so it's cold, but we're going to enjoy life. Um, we're not going to be sad, we're not going to be weighed down by where we're at right now and remembering that there are tons of people who would gladly change their situation to my situation.
Speaker 1:Clean food, clean water, clean air, a vehicle that gets me from here to there, no health problems. We've got a fridge full of food. I've got a job that's paying me by the by the every two weeks. We've got clean clothes. We've got healthy kids. I've got a job that's paying me by the by the every two weeks. We've got clean clothes. We've got healthy kids.
Speaker 1:I'm not. I'm not going to the hospital. I'm planning to go deer hunting with some friends in a few months. Like life is good man, like we've got all these things going in our favor and we're not going to be grateful because of those things. But those are things to reinforce yet again why we should be grateful and that we should be grateful. So I'm going to focus on that. I'm gonna have my windows open today. If I'm cold, I'm going to put on a hat. If I'm hot, I'm going to wear a t-shirt and we're going to enjoy the sunshine and the fresh air. Because today is a day worth living and I'm going to love it to the best and I'm going to make it a day that I wish I could repeat again and again. And that's where I'm at right now. So that's where we're at, that's where we're going. That's Rock and Roll.